Article 1 Section 7 Clause 1: All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Ignore this grab for power. Even better contemplate the embarassment to him of Article 1 Section 2 Clause 5: The House of Representatives shall chuse their Speaker and other Officers; and shall have the sole Power of Impeachment. Should he be impeached, the trial will be conducted by the Chief Justice (read the constitution), not the Hairy Reed.
The Ameican people, for their survival as a nation, should consider the enormity of what Geitner proposed re the debt limit.